# Summary Statistics — Pension Fund Home Bias Panel

| Variable | N | Mean | SD | Min | Max |
|---|---|---|---|---|---|
| pension_spending_gdp | 1,289 | 19.223 | 6.313 | 0.000 | 34.693 |
| pension_coverage | 516 | 20.786 | 18.180 | 0.539 | 60.233 |
| gross_assets_gdp | 6,485 | 250.950 | 1167.034 | 0.742 | 20320.537 |
| portfolio_assets_gdp | 6,452 | 160.336 | 743.691 | 0.033 | 12755.386 |
| debt_share_assets | 6,485 | 0.487 | 0.217 | 0.010 | 1.000 |
| fdi_share_assets | 6,451 | 0.116 | 0.146 | -0.201 | 0.881 |
| financial_depth | 8,295 | 0.000 | 0.000 | 0.000 | 0.000 |
| diversification | 6,485 | 250.950 | 1167.034 | 0.742 | 20320.537 |
| Z_1 | 8,295 | -1.267 | 1.365 | -3.981 | 3.539 |
| Z_2 | 8,295 | -20.171 | 21.547 | -60.855 | 71.576 |
| Z_3 | 8,295 | -291.546 | 311.190 | -849.878 | 1248.709 |
| old_dep | 8,295 | 0.125 | 0.092 | 0.010 | 1.099 |
| youth_dep | 8,295 | 0.495 | 0.236 | 0.118 | 1.216 |
| ca_gdp | 6,281 | -2.005 | 13.597 | -242.976 | 314.906 |
| nfa_gdp_lag | 6,244 | -0.217 | 1.594 | -46.386 | 15.699 |
| kaopen | 5,807 | 0.199 | 1.561 | -1.939 | 2.281 |